After a night of market changes, the price of cake has shown a downward trend again, and has now reached a low of 87,000. Looking back at yesterday's market dynamics, the trend of rising first and then falling has given us considerable profit margins.
From the current overall market structure, the bullish trend is still dominant. On the daily chart, after the continuous rise of the positive line, the market ushered in a short-term negative line adjustment to stabilize the upward trend. However, an in-depth analysis of the pullback strength shows that it has not fundamentally impacted the current upward pattern, and the market directional choice is still clear. Therefore, we should maintain a positive attitude and should not rashly adjust the investment layout due to a slight pullback. Otherwise, we may fall into a passive situation and be controlled by market fluctuations.
Friday morning trading direction and operation suggestions: $BTC $ETH $DOGE
Bitcoin is long in the 86500-86200 area, and it is expected to rise to around 88000-90000
Ethereum is long in the 3010-2980 area, and it is expected to rise to around 3180-3230